P.R. Laws tit. 7, § 611m
(a) Any official, employee or agent of the Bank who receives any deposit knowing that the Bank is bankrupt shall be guilty of a misdemeanor if the amount or value of said deposit is less than two hundred dollars ($200), but if the amount or value of said deposit is two hundred dollars ($200) or more, said person shall be guilty of a felony and upon conviction shall be punished by imprisonment for a term of not less than one (1) year nor more than five (5) years, or with a fine of not less than five hundred dollars ($500) nor more than three thousand dollars ($3,000), or by both penalties at the discretion of the court.
(b) Every director, official, employee or agent of the Bank who commits breach of trust, withdraws or voluntarily misappropriates any monies, funds, credit or securities of the Bank, or who, without being duly authorized for it, issues or releases any deposit certificate, draws any order or bill of exchange, performs any acceptance, transfers any note, bond, draft, bill of exchange, mortgage, sentence or decree or who makes a false entry in any book, report or bank statement with the intention, in any of those cases, of harming or defrauding the Bank or any other company, body politic or corporate or person, or of deceiving any Bank official or any agent appointed to examine the Bank’s business; and any person who, with similar intention, aids or instigates any director, official, agent or employee to any violation of this section shall be guilty of a felony and upon conviction shall be punished with imprisonment for a term of not less than ten (10) years. Provided, That in case of said conviction the Bank shall collect and shall cover into its funds the amount of any life insurance policy or bond taken or required by the Bank for said director, official, employee or agent, and the premiums which the Bank should have paid up to the amount defaulted or disposed of by the director, official, employee or agent, and the director, official, employee, or agent and the beneficiaries, assignees or successors thereof shall lose every right to the benefits of said policy.
(c) Any person or publication which knowingly and maliciously makes, circulates or transmits to others any statement, rumor or indication, whether in writing, print, or verbally, which directly or by inference discredits the financial condition of the Bank, or any person or publication that advises, helps, procures or induces another person to originate, transmit or circulate any statement or rumor of this nature shall be guilty of a felony and, upon conviction, shall be punished with a fine of not less than five hundred dollars ($500) or imprisonment for a term of not more than five (5) years or both penalties at the discretion of the court.
History —July 24, 1985, No. 22, p. 735, § 14.